Posts Tagged ‘HOdlcoin exchange’

There is now a mining calculator available for HOdlcoin (HODL) our current favorite for a CPU-only mineable crypto coin. The calculator makes it easy to get a good idea on how much you might be able to earn using your CPU for mining the coin. The calculator gives you only information about what you can mine, but your profit can increase significantly thanks to the interest you get and if you deposit the coins for a term, taking advantage of the still quite high interest rate. Another interesting new feature with HODL is the recent introduction of a custom HOdlcoin block explorer that gives interesting and useful information on how things are moving with the coin and its network, so do check that out as well.

There are not that many CPU-only mineable coins out there and our current preferred choice for dedicating some spare CPU mining power is for HOdlcoin (HODL). The coin started with solo mining only from the wallet, but has since introduced pools and separate miners, so now it it easier to get started and there is development going on on new features. The interesting part about HODL is that you get interest rate on coins that are inside your wallet and there is also an option for making deposits for even higher returns, but unlike with PoS you do not actually need to keep the wallet running to get your bonus interest. The regular interest accumulates for each block with the coins available to be spent at any moment while the deposits lock your coins for a chosen period of time, but offer significantly higher interest when compared to the regular rate of about 5% APR. So we do recommend that you check out HOdlcoin…

HOdlcoin (HODL) is a relatively new experimental altcoin that can only be mined with the CPU for the moment using the coin’s wallet and although it is a PoW coin you get interest on your wallet balance and there is an option for deposit with even higher interest rate. The algorithm of the coin is made in a such way that early adopters holding their coins in the wallet get higher interest rates with the idea to attract more users resulting in a wider coin adoption for a shorter period of time. The regular interest rate is 5% APR, but with the extra bonuses and deposits the interest can grow exponentially. The deposits work in a way very similar to PoS, though there are some differences, your coins are locked for a period of your choice and the longer the deposit, the higher interest rate you get. To check the current interest rates and bonuses you can visit the HOdlcoin Interest Rate Calculator.

The coin uses 1GB AES Pattern Search Proof of Work algorithm that involves filling up RAM with pseudo-random data, and then conducting a search for the start location of an AES encrypted data pattern in that data. Pattern Search is an evolution of the ProtoShares Momentum PoW, first used in MemoryCoin and later modified for use in CryptoNight (Monero, Bytecoin), Ethash (Ethereum). For the moment you can only mine HODL coins with your CPU via the wallet, there is no separate miner available yet or a pool where you can mine the coin. This means that you will have to run a separate HOdlcoin wallet on every computer where you want to be able to mine the coin and since it is solo mining luck can also play big role in how much you might be able to mine.

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